Categories: OLD Media Moves

Why is CNBC's Burnett questioning short sellers' patriotism?

Ryan Chittum of Columbia Journalism Review wants to know why CNBC anchor Erin Burnett is calling investors shorting financial companies “unpatriotic.” Jim Cramer defended the practice.

Chittum writes, “A CNBC spokesman said he’s reviewing the segment.

“Look, we know this deepening crisis has everybody, including financial commentators, spooked. And understandably, so.

“But this is stuff you normally find in the darkest corners of Yahoo Finance chat boards, not supposedly reputable financial journalism broadcasts.

“Time to take a deep breath.”

Read more here.

View Comments

  • Not sure why everybody suddenly hates Short Sellers. Just because we're in a Bear maket, we shouldn't blame shorts for that. Let's start by enforcing the law on naked short selling, and more importantly fix our economy.

  • Chris, this is a little sureal. CNBC is attacking short sellers now when they were heavily protecting them right up to the end. Is this SABEW's version of responsible journalism?

    I also wonder, while I am at it, several years ago SABEW held a conference in which short selling was discussed and where Herb greenberb, Joe Nocera, et al. ridiculed all that spoke out in concern over certain tactics of the short seller. Do SABEW members now recognize the error of their ways? has SABEW investigated this screup to learn from their mistakes or, will heads remain buried in the sand once again.

    Ultimately, financial media aided in this latest collapse because financial media failed to perform their duties responsibly. Do you yet understand that?

Recent Posts

WSJ’s Eisen to write book about the mortgage market

Wall Street Journal reporter Ben Eisen has signed a contract with Norton to write a book about…

17 mins ago

Reuters hires Krishnakutty as a news producer

Reuters has hired Pia Krishnakutty as a news producer. She has been at The Print as a…

22 mins ago

Indianapolis Biz Journal seeks a news editor

The Indianapolis Business Journal is looking for our next news editor, a role that focuses…

15 hours ago

Axios hires Berkowitz as ME for media and markets coverage

Axios has chosen Ben Berkowitz to be its next managing editor of business and markets.…

20 hours ago

Business Insider hires Ortega as director of newsroom operations

Business Insider editor in chief Jamie Heller sent out the following on Monday: I'm thrilled…

20 hours ago

Rest of World promotes Chandran to deputy editor

Rest of World editor in chief Anup Kaphle sent out the following on Monday: We are excited…

21 hours ago